For the nine months ended September 30, 2012, Asia/Pacific net sales decreased 21.2% to $53.2 million versus $67.5 million last year. Organic net sales decreased 21.2%, caused by net sales declines in all three subsidiaries in the segment. The year to date loss before income taxes was $3.4 million, excluding restructuring charges of $0.7 million, as compared to earnings before income taxes of $3.8 million last year. The decrease in earnings before income taxes is primarily attributable to the Australian distribution business as a result of a significant reduction in net sales volumes.FINANCIAL CONDITION
Invacare Corporation Announces Financial Results For The Third Quarter And First Nine Months Of 2012
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